GSA Capital Partners LLP Acquires New Position in Apollo Global Management, Inc. (NYSE:APO)

GSA Capital Partners LLP purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,127 shares of the financial services provider's stock, valued at approximately $2,014,000.

A number of other large investors have also added to or reduced their stakes in the company. Chicago Capital LLC boosted its holdings in Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after acquiring an additional 69 shares in the last quarter. Cyndeo Wealth Partners LLC increased its position in shares of Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after buying an additional 77 shares during the period. Cigna Investments Inc. New lifted its holdings in Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock worth $645,000 after buying an additional 90 shares during the period. Allworth Financial LP grew its holdings in shares of Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after acquiring an additional 91 shares during the period. Finally, FineMark National Bank & Trust raised its position in shares of Apollo Global Management by 2.4% in the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider's stock worth $486,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded up $0.59 during mid-day trading on Wednesday, reaching $164.34. 2,589,879 shares of the stock traded hands, compared to its average volume of 2,652,378. The business has a 50-day moving average of $134.14 and a 200 day moving average of $121.55. Apollo Global Management, Inc. has a fifty-two week low of $85.84 and a fifty-two week high of $168.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $93.60 billion, a PE ratio of 17.30, a PEG ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.463 per share. The ex-dividend date is Monday, November 18th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. Apollo Global Management's dividend payout ratio is 19.33%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group raised their price objective on Apollo Global Management from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Wolfe Research began coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They set an "outperform" rating and a $139.00 target price for the company. Redburn Partners assumed coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Evercore ISI increased their target price on Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets increased their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $150.83.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.